Below you'll find a list of all posts that have been categorized as “Investing for Physicians”
The COVID pandemic has had a significant adverse financial impact on physicians of all specialties despite the widely-held belief that medicine was supposed to be a recession-proof career. As a result, many physicians expect a lower than normal income for 2020. A year of reduced income presents certain tax-saving opportunities to low spenders looking to minimize long-term tax liabilities. The …
This is the second post based on Michael Lewis’ excellent book, Flash Boys, which exposes how High Frequency Traders (HFTs) use technological advantages to obtain informational advantages that amount to learning about upcoming equity transactions fractions of a second before the rest of the market becomes aware of them. They employ these advantages to exploit less technologically sophisticated investors for …
I buy my books later and cheaper. Waiting a few years means I score pristine hardcovers for a buck at a Friends of the Library book sale, which I savor and then donate back in a virtuous cycle of frugality and reading. This is how I came across Flash Boys by Michael Lewis, published 6 years ago and devoured on …
The gifts of the WCI Con 20 swag bag just keep on giving! Sheltering in place has provided ample reading time to sneak in some continuing financial education, currently on how achieve desired returns with reduced volatility. I’m currently reading Swedroe and Grogan’s 2018 edition of Reducing the Risk of Black Swans, which has the most lucid explanation of correlation …
Harry Sit is a self-taught financial savant who pens the popular blog The Finance Buff, which has been around since 2006 – a remarkable lifespan that easily qualifies him as the Galapagos tortoise of finance bloggers. I discovered his blog through Mike Piper’s Oblivious Investor blog, another excellent resource. Harry’s financial savvy is more compelling once you hear his back …
At the recent WCI Con 20 (which overlapped with recognition that the US COVID pandemic had begun) I enjoyed Phil DeMuth’s lecture. I was pleasantly surprised that one of the goodies in the swag bag I took home was the revised 2020 edition of his book, The Overtaxed Investor. It’s broad scope and appropriate critiques of the new realities under …
Yet another nugget gleaned from reading Mike Piper’s Oblivious Investor blog was his link to an explanation describing what I’ve always regarded as one of the more impressive magic tricks in investing: How can big brokerages afford to eliminate trading fees on stocks and ETFs which have historically been the mainstay of their revenue generation? The article in question, by …
Everyone has guilty pleasures they cannot resist…wine, women…mine are economics podcasts, specifically the wonderfully nerdy Planet Money from NPR. I was listening to a an episode recently that introduced me to a concept I’d never heard of before: escheat. The word dates to the 1300s, and derives from an old French term meaning to fall – in this case, referring …
I’m reading up on real estate these days, with the objective of identifying small multi-family units to invest in. The more I read, the more interesting it gets. Occasionally I’d like to put out posts that collect my thoughts as I go, as a guide post to others who might share this interest. Real estate involves assessing multiple variables and …
I’ve recently been actively investigating the idea of investing in multi-family real estate, devouring every book, having coffee with every knowledgeable friend, and binge-reading every blog I can get my hands on. One of the most fascinating aspects of lifting up this particular rock is how many people who have opted not to do so are convinced it is teeming …